Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h 0.000%

Price spread now: Gate against MEXC−0.036%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1161.164% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.036%, 7d avg +0.063%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.098% cheaper against MEXC than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.063%). If the spread goes back, that is −$10 on $10k: about 35 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.016% in total) that is about 43 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZBT_USDT	0.08394	0.0100	pay 0.0050% / 4h	3h 28m	$1.4M	$199K	100x
Short	Gate ZBT_USDT	0.08391	0.0324	get 0.0324% / 8h	7h 28m	$545K	$556K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee GatebpOrdersPrice spread, now −0.036%Rate

Funding earned: $47.04
Price spread: −0.036% → +0.063%: −$9.82
Slippage, 4 orders: −$97.36
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$79.15
Costs to cover: 1.164%
Break-even: 18.8 days

Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 42 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 2 min ago	0.60 bp	9.7 bp −$10	57.3 bp −$573	239.6 bp −$24.0K	639.5 bp −$319.7K
Sell Gate live order book, 42 min ago	5.97 bp	37.6 bp −$38	doesn't fit	doesn't fit	doesn't fit

ZBT on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZBTUSD	−0.0706%	1h	0.08385	−0.104%	$7K	$6K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08387	−0.083%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08395	+0.014%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08394	0.000%	$871K	$435K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08394	0.000%	$554K	$1.4M	10x	as long as short
MEXC ZBT_USDTlong	+0.0100%	4h	0.08394	long leg	$1.4M	$199K	100x
KuCoin ZBTUSDTM	+0.0100%	4h	0.08389	−0.060%	$744K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08398	+0.048%	$6.0M	$139K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08398	+0.048%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08384	−0.117%	$894	$453	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USD	+0.0104%	1h	0.08391	−0.035%	$2K	$158K	5x	as long as short
BloFin ZBT-USDT	+0.0130%	4h	0.08402	+0.095%	$147K	$12K	50x	as long as short
Gate ZBT_USDTshort	+0.0324%	8h	0.08391	−0.036%	$545K	$556K	50x